EURUSD Forex Analysis for Today, Monday (15-07-2024)
Look for BUY Opportunities in EURUSD: Still Above Up Trendline
Analysis EURUSD
US CPI Data Slows Down
US inflation data, which the Fed monitors closely, has generally slowed down, further reinforcing market expectations that the Fed will start a rate-cutting cycle this September.
Monitor Trendline Area
Prices are moving above the trendline area visible on the H1 time frame. Buying opportunities can be sought in the trendline area.
Forecast: STRONG EURUSD
Resistance
- R1 1.08511
- R2 1.08935
- R3 1.09310
- R4 1.09333
Support
- S1 1.08200
- S2 1.08400
- S3 1.08600
- S4 1.08800

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